PPG 3rd Quarter Earnings Report

Industrial Coatings 3rd Quarter Highlights • Selling price increases of about 14% and -20% on a two-year stacked basis Segment margins improved 200 basis points sequentially Auto OEM production levels remain well below pre-pandemic levels (component shortages) Two-year stacked raw material inflation ~40%; rising energy costs Divestures include wind down of Russia business Unfavorable YOY foreign currency translation reduced sales ~$100MM & income ~$5MM $MM (USD) 3Q22 3Q21 Chg % Net Sales 1,763 1,614 +149 +9% Segment Income 192 140 +52 +37% • Margin % 10.9% 8.7% +2.2% -- Margin % excl. amort. 11.5% 9.5% +2.0% -- Select Net Sales Detail Volume Currency Divestitures 3Q YOY Change +2% -6% -1% Organic Total Automotive Industrial Packaging Sales Segment OEM 3rd Quarter Results 4th Quarter Outlook DD DD HSD DD 8888 MSD DD LSD MSD Legend: Green (YOY percent increase); Red (YOY percent decrease); DD = double digit; HSD/MSD/LSD = High/Mid/Low Single Digit organic sales include price and sales volumes 4th Quarter Outlook • . Selling price increases - two-year stack of ~20%; continue margin recovery . • Sales volumes down a mid-single-digit percentage compared to the fourth quarter 2021; softer demand for general industrial, especially consumer-related products Continuation of soft overall industrial production activity in Europe and China Automotive industry OEM production trend improving; expect modest increase YOY in industry builds 7 Raw material cost inflation of a mid-single-digit percentage YOY (2-year stack more than 40%); increasing energy costs • Unfavorable YOY foreign currency translation reducing sales -$120MM and income ~$10 million

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